🔥 World Liberty Financial's Latest Crypto Move 🔥
World Liberty Financial Supported by Trump buys $775,000 worth of SEI Digital Assets
Let's dig into the juicy details of World Liberty Financial (WLFI), the crypto project that's caught everyone's eye thanks to its infamous backers, the Trump family. WLFI has snatched up 4.89 million SEI tokens for a cool $775,000.
According to Arkham Intelligence, this daring move took place on April 12, with funds flowing through one of WLFI's trading wallets that had received USDC transfers from the project's main wallet.
This major purchase marks yet another step in WLFI's ambitious plan to amass a broad portfolio of digital assets. Their digital treasure chest now includes the likes of Bitcoin, Ethereum, Tron, Ondo Finance, Avalanche, and most recently, SEI.
Blockchain researcher Lookonchain reports that WLFI has splashed a whopping $346.8 million to acquire tokens across 11 different cryptocurrencies. But, alas, these investments have yet to turn a profit.
The Numbers Don't Lie 💰
WLFI's diverse portfolio is currently bleeding paper losses, totalling approximately $145.8 million. Ouch! Ethereum investments alone account for over $114 million in losses. Talk about a rough ride!
This disheartening performance comes as a surprise, given Eric Trump's bullish endorsement of Ethereum this year. On March 3, he confidently declared on social media that it was the "perfect time" to invest in ETH.
But maybe timing isn't everything, as ETH's price has since plummeted a whopping 55%, dropping down to a staggering $1,611. Yikes!
Despite facing these significant losses, WLFI remains undeterred and continues to dump money into altcoins like SEI. Could this be a commitment to a diversified crypto portfolio or a reckless gamble? Time will tell!
SEI Soars, Market Stirs 📈
Since WLFI's purchase, the SEI token has experienced a spectacular surge of approximately 27%. It's now trading above $0.17.
Technical analysts have identified a "falling wedge breakout pattern" for SEI, which could indicate a future price target of $0.34—a potential 100% increase from current levels. But achieving this targets requires SEI to hold and close above $0.22, a critical structural pivot point.
In another development, an unofficial logo for WLFI's stablecoin, USD1, has graced the screens of major exchanges like Coinbase and Binance. This mysterious reveal sparked controversy, as Trump's involvement in the USD1 stablecoin understandsably draws criticism from lawmakers across the political spectrum.
Some worry that Trump might ultimately attempt to replace the U.S. dollar with USD1. Get ready for some wildheadlines!
Regardless, WLFI remains undeterred and continues to expand its cryptocurrency empire.Keep an eye on SEI and other altcoins in WLFI's portfolio. The crypto roller coaster is in full swing, and it's anybody's game!
Sources:1. article2. article3. article4. article
- World Liberty Financial (WLFI) has confirmed a major investment in the cryptocurrency SEI, as reported by Blockchain researcher Lookonchain.
- The purchase of SEI tokens adds to WLFI's already diverse cryptocurrency portfolio, which includes Bitcoin, Ethereum, Tron, Ondo Finance, Avalanche, and previously SEI.
- Previous investments by WLFI, such as Ethereum, are currently suffering paper losses, accounting for over $114 million in losses alone.
- In spite of these significant losses, WLFI has continued to invest in altcoins like SEI, raising questions about their long-term strategy.
- Following WLFI's purchase, the SEI token has shown a remarkable increase of approximately 27%, trading above $0.17 at the moment.
